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5th Grade Finances Review Flashcards | StudBud
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5th Grade Finances Review
5th Grade Finances Review
30 terms
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StudBud Administration
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A review or pre-test quiz for 5th grade students.
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
What is financial interest?
Money received, especially on a regular basis, for work or investments
Money paid regularly at a particular rate for the use of money borrowed
A current medium of exchange in the form of coins and banknotes
The management of money
2
What animal produces most of the world's wool?
Dogs
Goat
Sheep
Llama
3
What are taxes?
Money paid for court fees
Money collected in exchange for goods or services
Money earned for working a job
Money collected by the government to pay for common things like roads
4
What is insurance?
Something you need to have if you have a car.
A company that protects you and your things in case something bad happens.
Something that makes it so you can buy whatever you want.
A scam to take your money
5
What is the most common food eaten around the world?
Chicken
Potatoes
Bread
Rice
6
Who is the "Friendly Ghost"?
La Llorona
Casper
Slender man
The Headless Horseman
7
Is interest from a credit card good for your budget or bad?
Bad
Good
8
What number is on Lightning McQueen's car?
25
95
90
75
9
If I got paid $600 and I budget $250 for groceries, how much money do I have left for a car payment?
$150
$350
$300
$250
10
What is the largest mammal in the world?
Crocodile
Elephant
Tyrannosaurus Rex
Whale
11
Which river made the Grand Canyon?
The Snake River
The Colorado River
The Mississippi River
The Stormy River
12
What type of food gives us kimchi and bulgogi?
French
Korean
Mexican
Chinese
13
What is the difference between Standard of Living and Quality of life?
Standard of Living and Quality of Life are the same thing
Standard of Living focuses on general happiness, as well as money
Quality of Life focuses on general happiness, as well as money
Quality of life focuses on money.
14
If Elena makes $1,680.00 a month, and has a family of 4, which house should she buy?
A 3 bedroom house for $1,000.00
A 2 bedroom townhouse for $800.00
A 5 bedroom house for $2,000.00
A one bedroom Tiny home for $700.00
15
Is interest from a savings account good for your budget or bad?
Bad
Good
16
What is the Fear of Heights?
Agorophobia
Arachnophobia
Acrophobia
Ophidiophobia
17
When you make money for working, what is that called?
Credit
Salary
Income
Budget
18
If Jose gets paid $2,680.00 and he buys a house that is $1,200.00 per month. How much money does he have left?
$1,390.00
$1, 240.00
$1,480.00
$2,080.00
19
What is a loan?
Money that is won in a large contest
Money that is borrowed to make a big purchase
Payment to someone you borrowed money from
Payment for working a job
20
What is the difference between Debit and Credit?
Credit is money that you have in your account
Debit is money that you have in your account.
Debit is money that you don't have yet
Credit is money that you don't have yet, but you can use and pay off later
21
What is something that your taxes pay for?
Groceries
Uber
Maintaining roads
Schools
22
Why is it important to save money?
Because you need to have money for important purchases
So you can make a big purchase later
To have money for a rainy day
In case something happens and you need money
23
If you have $200.00 which should you choose?
Groceries for $142.00
New Nike's for $180.00
24
If you have $56.00, can you buy three pizzas for $18 each?
Yes, you would have $2.00 left
No, you are $3.00 short
No, you need $15 more dollars.
Yes, you would have $14 left
25
Which type of income is the amount of money that you get to put into your account?
Net Income
Gross Income
26
What is a budget
An estimate of income and expenditure for a set period of time
Money received, especially on a regular basis, for work or investments
Programs intended to support an area or town.
The ability of a customer to obtain goods or services before payment
27
What is the blue Ninja Turtle's name?
Michelangelo
Leonardo
Raphael
Donatello
28
If Jorge has a budget of $270 for a car and gas for the month, which of the options below is the best financial decision
A used Honda Civic, monthly payment of $175, average of 36 mpg
A new Subaru Outback, monthly payment of $250, average of 30 mpg
A new Jeep, monthly payment $340.00, average of 20 mpg
A used minivan, monthly payment of $200, average of 10 mpg
29
What is the name of Peppa Pig's little brother?
George
Jacob
Franklin
Benjamin
30
Is a lot of debt a good or a bad thing?
Good
Bad
